Dogru, Bülent
(2015):
*Is Per Capıta Real GDP Stationary in High Income OECD Countrıes? Evidence from Panel Unıt Root Test With Multiple Structural Breaks.*

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## Abstract

Aim of this study is to analyze the non-stationarity of real GDP levels using recently developed Carrion-i Silvestre et al. (2005) panel unit root test allowing different number of structural breaks in panel. For this purpose, this test is applied to panel data of per capita GDP of 20 high income OECD countries covering the time period of 1961 through 2012. Individual time series and first generation panel unit root tests are also employed to make a comparison. Results indicate that per capita GDP series is non-stationary for many OECD countries. This implies that any shock given to per capita GDP will have a long lasting impact on the macroeconomic variable

Item Type: | MPRA Paper |
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Original Title: | Is Per Capıta Real GDP Stationary in High Income OECD Countrıes? Evidence from Panel Unıt Root Test With Multiple Structural Breaks |

English Title: | Is Per Capıta Real GDP Stationary in High Income OECD Countrıes? Evidence from Panel Unıt Root Test With Multiple Structural Breaks |

Language: | English |

Keywords: | Per capita real GDP, panel stationary tests, Carrion-I Silvestre et al. (2005) |

Subjects: | C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C12 - Hypothesis Testing: General C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C23 - Panel Data Models ; Spatio-temporal Models |

Item ID: | 63856 |

Depositing User: | bulent dogru |

Date Deposited: | 25 Apr 2015 17:41 |

Last Modified: | 27 Sep 2019 09:07 |

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URI: | https://mpra.ub.uni-muenchen.de/id/eprint/63856 |